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Dec 20, 2017
12/17
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house of representatives passed donald trump tax reform bill. the first rewrite of tax law in three decades is now set for a senate showdown. and yemen to do rebels are apolitical rocket at saudi arabia. saudi forces say they intercepted it that is this a sign that the carnage in yemen is spreading? we will ask an expert for his analysis. >> i'm brent goff, it is good to have you with us. here in the german capital, people have been remembering the lives lost in a night of terror. one year ago, a rejected assignment drove a truck into a berlin christmas market, killing 12 people. tonight, the country and the world cast their eyes on the scene of that attack. the bell tolls 12 times for the 12 victims of the terror attack one year ago. the names of the victims marketplace where and islamist attacker rammed a truck into a christmas market in the heart of bolan. -- berlin. many people gathered to mark the anniversary and people are injured in the attack and first responders are all still feeling the shock of what happened here a year ago. >> the at
house of representatives passed donald trump tax reform bill. the first rewrite of tax law in three decades is now set for a senate showdown. and yemen to do rebels are apolitical rocket at saudi arabia. saudi forces say they intercepted it that is this a sign that the carnage in yemen is spreading? we will ask an expert for his analysis. >> i'm brent goff, it is good to have you with us. here in the german capital, people have been remembering the lives lost in a night of terror. one...
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Jul 4, 2011
07/11
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in this country -- in income tax in this country. they pay such as a great and benefits put -- pay social security and medicare benefits. that is indefensible. >> you may not have done this, but in the republican plan, you have means testing for medicare. precisely as you suggested. democrats have refused. democrats refused also on raising the age. >> ok, let's talk about means testing. how does that work? you get social security, but if you make it so much money -- >> you get less. if you are poor, you get more. it is actually in the ryan plan. you guys act as if pox on all houses. the republicans step forward on medicare, and you don't have an answer. means testing. >> i haven't answered for paul ryan and -- i have an answer for paul ryan and -- vouchers. that's what seniors what to do, spent time negotiating with insurance companies. he is absolutely convinced that markets worse. if it is so brilliant, as dr. krauthammer insists it is, why is ever republican in full flight from it right now and why is john boehner ruing the day th
in this country -- in income tax in this country. they pay such as a great and benefits put -- pay social security and medicare benefits. that is indefensible. >> you may not have done this, but in the republican plan, you have means testing for medicare. precisely as you suggested. democrats have refused. democrats refused also on raising the age. >> ok, let's talk about means testing. how does that work? you get social security, but if you make it so much money -- >> you get...
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Oct 30, 2014
10/14
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watch out, tax evaders. a deal reached in berlin means the end of banking secrecy in any nation. >> some are calling it overreach and a violation of financial privacy. >> the agreement requires the automatic exchange of banking information on all accounts valued about $250,000. the accounts are not limited to cash. here's more. >> finance ministers from more than 50 countries gathered in berlin in a combined effort against tax evasion. they agreed on 82018 target date for sharing information on accounts as well as interest and dividends. banks, insurers, and financial advisors will be forced to comply with the deal, making it tougher for taxpayers to hide their wealth. >> we are making taxation fairer . the common reporting style is a pragmatic and effective response to the perceived lack of global governance regarding information on tax issues. we have seen in the past that if the action proves successful, other states will follow. >> the delegate signatures essentially mean an end to banking secrecy. the f
watch out, tax evaders. a deal reached in berlin means the end of banking secrecy in any nation. >> some are calling it overreach and a violation of financial privacy. >> the agreement requires the automatic exchange of banking information on all accounts valued about $250,000. the accounts are not limited to cash. here's more. >> finance ministers from more than 50 countries gathered in berlin in a combined effort against tax evasion. they agreed on 82018 target date for...
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Feb 16, 2013
02/13
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tax officials from australia, britain, and china analyze complex schemes to reduce company tax burdens. this one leaves from england to australia, taking advantage of tax havens along the way. the authority of tax officials often ends at the border. investigators request information from authorities and other countries, but it is often not enough. >> when you start looking at very complex affairs, then a simple letter is rarely sufficient to fully explore the issues. by working together, we are able to understand the cultural differences that exist between our different countries. >> in britain, u.s. coffeehouse starbucks sparked outrage when it was revealed the company paid very little tax in the u.k. its trick was to pay high licensing fees to reduce its corporate tax rate. activists say starbucks is no exception. >> there's a lot of online-based companies like amazon, google, facebook, that are avoiding tax, which is outrageous. >> apple, for example, has seen overseas earnings surged in recent years, but at the same time, the company has managed to reduce its foreign tax burden wit
tax officials from australia, britain, and china analyze complex schemes to reduce company tax burdens. this one leaves from england to australia, taking advantage of tax havens along the way. the authority of tax officials often ends at the border. investigators request information from authorities and other countries, but it is often not enough. >> when you start looking at very complex affairs, then a simple letter is rarely sufficient to fully explore the issues. by working together,...
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Jul 7, 2011
07/11
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the tax cuts i'm proposing we get rid of are tax breaks for millionaires and billionaires, tax breaks for oil companies and hedge fund managers, and corporate jet owners. i think it's only fair to ask an oil company or corporate jet owner that's done so well tax b other business enjoys. >> question, is this the rhetoric of a president trying to achieve a political consensus or is it the rhetoric of a politician trying to score political points? i ask you, james. >> let's be clear that the president's last budget called for 10 trillion in dollars in deficits. the jets would equal .03% if they got that revenue. this is the beginning of a next 17 months, a class warfare campaign to run against the republicans, same old same old partied of the rich, party -- and there we go. >> just let me say the program thursday night of this week had alice on and he said what do you think of this corporate jet issue? she said it's too trivial to talk become trivial! [everyone talking at once] >> you arrived one here today. >> no, i arrived in a jet but it's not a corporate jet. that makes -- not tax de
the tax cuts i'm proposing we get rid of are tax breaks for millionaires and billionaires, tax breaks for oil companies and hedge fund managers, and corporate jet owners. i think it's only fair to ask an oil company or corporate jet owner that's done so well tax b other business enjoys. >> question, is this the rhetoric of a president trying to achieve a political consensus or is it the rhetoric of a politician trying to score political points? i ask you, james. >> let's be clear...
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Sep 3, 2017
09/17
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taxes would not be good. but as things are, you cannot really blame the bar owner. >> we need more checks so business owners understand they have to give people receipts and pay taxes. reporter: next day, it is time to pay a visit to an antiques dealer in central athens. greek tv crews are already waiting here. a new law allows the authorities to close down businesses of re-offenders and expose them to the media -- all part of the war on the current ten billion euros or more in undeclared income every year. now, antiques dealer irina safela has been found guilty of several hundred euros undeclared income. irina: life for small business owners here in greece is sheer hell. some days we sell nothing at all. we don't earn a single euro. but we pay high taxes, and then there are all the fines. it is a huge problem. reporter: her premises are sealed. now her customers know she has dodged paying taxes. tina: this is the best thing that we can do pursue them to be correct and don't violate the law. it's something th
taxes would not be good. but as things are, you cannot really blame the bar owner. >> we need more checks so business owners understand they have to give people receipts and pay taxes. reporter: next day, it is time to pay a visit to an antiques dealer in central athens. greek tv crews are already waiting here. a new law allows the authorities to close down businesses of re-offenders and expose them to the media -- all part of the war on the current ten billion euros or more in undeclared...
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Oct 11, 2013
10/13
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they must pay an exit tax. >> they continue to be liable for taxes. the fact that they renounce their citizenship does not save them from having to pay their taxes. >> they've been asked to declare their income, but the u.s. had no way to check for themselves without a court order. >> for more on the new tax law, we are joined from san francisco by robert a wood, tax lawyer and managing partner. thank you so much for joining us, robert. let's get straight into this. this new law is going to start july 1 and will require all financial institutions to report directly to the irs. that is a very complex law. explain the requirements. >> it requires direct reporting. one of the surprising things as a tax lawyer is the world has embraced it. there was a time when it was passed by congress in 2010 when many people thought before it started to kick in that it would be repealed or modified. that has not happened. the world has embraced it and a huge number of countries have signed on. there are two different reporting mechanisms. or his direct reporting from t
they must pay an exit tax. >> they continue to be liable for taxes. the fact that they renounce their citizenship does not save them from having to pay their taxes. >> they've been asked to declare their income, but the u.s. had no way to check for themselves without a court order. >> for more on the new tax law, we are joined from san francisco by robert a wood, tax lawyer and managing partner. thank you so much for joining us, robert. let's get straight into this. this new...
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Jan 17, 2016
01/16
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that doesn't mean anybody liked paying more in taxes, but at the end of my time, the average taxes paid by a maryland family were the same at the end of my administration as they were at the beginning. - despite the increase. - with the exception that wealthier people paid more. - so president martin o'malley will raise taxes. - i will do everything in my power to restore the investments in our country that makes our country stronger. and the clearest way i see to do that, maybe other people have better ideas. i don't understand, nor does warren buffett, why he's paying a lower rate of taxes than his secretary. - could you get a tax increase for the wealthy through a republican congress? - i think if we campaign on it properly in the course of this general election, we can build the popular support and the understanding to make it happen. the republican party since reagan has been very good at whenever, at making sure that whenever people, whenever we hear the word "taxes" everyone assumes that's coming out of their pocket. but the numbers of people that pay that much, much lower capita
that doesn't mean anybody liked paying more in taxes, but at the end of my time, the average taxes paid by a maryland family were the same at the end of my administration as they were at the beginning. - despite the increase. - with the exception that wealthier people paid more. - so president martin o'malley will raise taxes. - i will do everything in my power to restore the investments in our country that makes our country stronger. and the clearest way i see to do that, maybe other people...
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Mar 25, 2016
03/16
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in new hampshire, - correct, other states. - no tax pledge, no new taxes, no sales tax, no income tax. - let me transition from this conversation to the one that i've been walking up to the edge of and that is the current political situation. what in hell is going on with your party right now? - well, i don't know what's going on with the country, forget my party, it's the whole country. - well, but your party is looking at a series of candidates, 50 percent plus are people who've never served in office before. it's essentially the middle finger vote to the establishment. - and the other side's looking at a geriatric socialist, you know. (laughs) - well, but i think the reality is, i'll bet you 50 cents that trump is more likely to be your party's nominee than bernie sanders is to be the other party's nominee. - i'll put the half-buck on the table now. (laughs) - you will, okay, good. - let me tell you what, i don't know the answer and what i mean is, i used to understand, i think, the electorate. - but you were one of the people who understood this first and most, i think. - yeah. -
in new hampshire, - correct, other states. - no tax pledge, no new taxes, no sales tax, no income tax. - let me transition from this conversation to the one that i've been walking up to the edge of and that is the current political situation. what in hell is going on with your party right now? - well, i don't know what's going on with the country, forget my party, it's the whole country. - well, but your party is looking at a series of candidates, 50 percent plus are people who've never served...
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Jun 14, 2017
06/17
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he adjusted his tax rate three years ago, but they want more. he is the highest-paid sportsperson in the world. last year he is reported to have made over 80 million euros in salary, bonus and sponsorships. brent: amazing. the tax authority is saying this looks like it was intentional and not an accident. he is not the first player who has been called into court for unpaid taxes in spain. however the other cases played out? max: the last high-profile one was in july of last year. they were sentenced to 21 months in prison for tax fraud and -- similar to this case, a little more money in this case. then it was 4 million euros. because the sentence was less than two years and they had no, no record, they escaped jail sentence. his club was also blamed for tax fraud. it is a common trend. brent: max, thank you for much. after a short break i will be back to take you through the day. stick around for that. we we back in about two minutes. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and
he adjusted his tax rate three years ago, but they want more. he is the highest-paid sportsperson in the world. last year he is reported to have made over 80 million euros in salary, bonus and sponsorships. brent: amazing. the tax authority is saying this looks like it was intentional and not an accident. he is not the first player who has been called into court for unpaid taxes in spain. however the other cases played out? max: the last high-profile one was in july of last year. they were...
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Nov 26, 2015
11/15
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taxes. you also don't pay state and local taxes. now, most triple tax-exempt bonds are only available to the people of a particular state. so if you buyif you live in new york and you buy new york bonds, you have triple tax exemption. if you live in california and you buy new york bonds, you don't have triple tax exemption. you're exempt from federal taxes, but not from state and local taxes. so, triple tax-exempt bonds produce far more return to those who buy them than other kinds of bonds. puerto rico's bonds are triple tax-exempt to anyone in the united states. so anyone, whether you're in california or idaho, whatever, you can buy puerto rico bonds, and you have triple tax-exemption. it's another example of puerto rico being in this netherworld of neither a state nor an independent nation. so the very colonial relationship allows wall street to take advantage and reap even bigger profits, and then puerto rico bonds usually pay a higher interest rate, nominal interest rate. so, for instan
taxes. you also don't pay state and local taxes. now, most triple tax-exempt bonds are only available to the people of a particular state. so if you buyif you live in new york and you buy new york bonds, you have triple tax exemption. if you live in california and you buy new york bonds, you don't have triple tax exemption. you're exempt from federal taxes, but not from state and local taxes. so, triple tax-exempt bonds produce far more return to those who buy them than other kinds of bonds....
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Dec 21, 2014
12/14
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. >> that's our tax base. if we can find a bunch of billionaires around the world to move here, that would be a godsend because that's where the revenue comes to take care of everybody else. >> but the mayor left something out. the super rich who buy those opulent apartments and live in new york city less than half the year will pay no city income tax at all. >> and while those people still contribute in other ways to the city's economy, i'm sure they go out to expensive restaurants and buy theatre tickets and shop in fancy stores and do all those things, you only pay income tax if you're a resident. and they're not. >> which means the fabulously rich, high above the city, will be contributing no income taxes to support the public servants who make it work far below, transit workers and teachers or the firemen and police who rushed to one57 when hurricane sandy tipped its construction crane and set it dangling dangerously over midtown, shutting down one of the busiest streets in the city for a week. the owners
. >> that's our tax base. if we can find a bunch of billionaires around the world to move here, that would be a godsend because that's where the revenue comes to take care of everybody else. >> but the mayor left something out. the super rich who buy those opulent apartments and live in new york city less than half the year will pay no city income tax at all. >> and while those people still contribute in other ways to the city's economy, i'm sure they go out to expensive...
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Sep 21, 2014
09/14
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taxes. here's what president obama said recently about that practice, known as inversion. >> now, here's the problem is this loophole they're using in our tax laws is actually legal. it's so simple and so lucrative, one corporate attorney said it's almost like the holy grail of tax avoidance schemes. my attitude is i don't care if it's legal, it's wrong. >> now look at this recent headline in "the new york times." reluctantly, patriot flees homeland for greener tax pastures. it's about a u.s. generic drug company incorporating in the netherlands. reluctantly, my eye. skipping out on america means more profits for the company and bigger bonuses for the ceo. tax-dodging is big business, which has one of our world's most noted economists plenty angry -- nobel laureate joseph stiglitz. he's president of the international economic association and served as chairman of the white house council of economic advisers back in the '90s. his best-selling books have shaped worldwide debate. and now he's w
taxes. here's what president obama said recently about that practice, known as inversion. >> now, here's the problem is this loophole they're using in our tax laws is actually legal. it's so simple and so lucrative, one corporate attorney said it's almost like the holy grail of tax avoidance schemes. my attitude is i don't care if it's legal, it's wrong. >> now look at this recent headline in "the new york times." reluctantly, patriot flees homeland for greener tax...
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177
Sep 20, 2010
09/10
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who deserves tax cuts, max? >> we call for bipartisan action to cut spending and stop all of the tax hikes that are coming about because wages and income had flat line for middle-class families, they should definitely get an extension of the tax cuts that were in 2001-2003. >> the president and john banner making their arguments about what to do about the bush tax cuts expected to expire at the end of this year. >> this might have been an opportunity for the white house or the democrats to start a dialogue with the other side. instead, the democrats reacted in a knee-jerk way and attacked. john behner may have reason -- misspoke last sunday. they could have wrapped his arms around him. they could have accepted what he said. it could of been the start of a negotiation which would have made john banner much more uncomfortable because the other republicans were not happy with what he had said. in agreeing to accept a middle- class tax cuts. >> it was fascinating. it gave the white house and (its let john behner --
who deserves tax cuts, max? >> we call for bipartisan action to cut spending and stop all of the tax hikes that are coming about because wages and income had flat line for middle-class families, they should definitely get an extension of the tax cuts that were in 2001-2003. >> the president and john banner making their arguments about what to do about the bush tax cuts expected to expire at the end of this year. >> this might have been an opportunity for the white house or the...
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44
Aug 1, 2017
08/17
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eye 44
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this set of a complicated tax structure which reduced his monthly tax bills, essentially opening shell accounts in the virgin islands. it is acidly legal, -- absolutely legal, except for spain wondering why he is not paying taxes in spain. 14.7 million euros-worth only from his image rights. he said he had never hidden anything. he also said the structure was normal for england and english tax authorities proved it was legal. gerhart: what happens to him now? nick: the judge in the case is going to listen to testimonies and she is in charge of the whole case. if she thinks it is worth taking to trial, she will. this could be a big thing. last year, another soccer star, his case took three years. ronaldo could be with this for a long time. rumor is he might leave the club. but that died down. we both know he is media-savvy. he should be able to deal with this that it is a big story. gerhart: thank you very much. a reminder of the top story we're following for you. u.s. president donald trump's communication director anthony scaramucci has left the job after just 10 days. media reports s
this set of a complicated tax structure which reduced his monthly tax bills, essentially opening shell accounts in the virgin islands. it is acidly legal, -- absolutely legal, except for spain wondering why he is not paying taxes in spain. 14.7 million euros-worth only from his image rights. he said he had never hidden anything. he also said the structure was normal for england and english tax authorities proved it was legal. gerhart: what happens to him now? nick: the judge in the case is...
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130
Mar 14, 2012
03/12
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tax would be difficult to accept. i would increase a household's lending costs and increase increase the cost of oil per gallon. >> it would need the approval of all member states. >> on to the markets now. investors concentrated on the positive tuesday, sending blue- chip days as above psychologically important levels for the first time in several months in reaction to stronger than expected rises in german analyst and investor sentiment. the dax index rocketed higher tuesday, briefly climbed over the 7000-point level for the first time since august of last year. but it is with healthy gains, by nearly 1.4%, and finished just try of the 7000-point level. euro stocks 50 also doing well, finishing at 2556. the dow currently trading about 13,000 points, by nearly 1.2%, and you're giving up a bit of ground trading at a dollar -- a value of $1.3078. the europe and arab league envoy to syria, kofi annan is in turkey for talks with the syrian national council, an umbrella group representing serious opposition. the syrian pr
tax would be difficult to accept. i would increase a household's lending costs and increase increase the cost of oil per gallon. >> it would need the approval of all member states. >> on to the markets now. investors concentrated on the positive tuesday, sending blue- chip days as above psychologically important levels for the first time in several months in reaction to stronger than expected rises in german analyst and investor sentiment. the dax index rocketed higher tuesday,...
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Jul 8, 2015
07/15
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taxes are boring?! meet african trainees who want to change their country though -- through better administration. education is key -- how an indonesian social entrepreneur is giving young people hope and opportunity. and habitat alarm -- how mayan villagers in mexico are trying to save what's left of their forest. until a few years ago, the textile industry in africa was pretty stable. or at least until the liberalization of the market opened the door for cheaper competition from asia. hundreds of thousands of jobs were lost, mostly in south africa, nigeria, kenya -- and in ghana. there, nine out of 10 textile workers lost their jobs, leaving only 3,000 today. product piracy is adding to the woes of ghana's fabric producers. they are proud of their unique designs and traditional techniques. but just as for the big fashion brands like adidas or chanel, while consumers like their style, they increasingly shy away from the cost. reporter: makola market in the ghanaian capital accra is a paradise if you lo
taxes are boring?! meet african trainees who want to change their country though -- through better administration. education is key -- how an indonesian social entrepreneur is giving young people hope and opportunity. and habitat alarm -- how mayan villagers in mexico are trying to save what's left of their forest. until a few years ago, the textile industry in africa was pretty stable. or at least until the liberalization of the market opened the door for cheaper competition from asia....
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Jul 10, 2013
07/13
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tax. both hardee's also want higher inheritance taxes -- both parties also want higher and heritage -- higher inheritance taxes. some tax experts have given their seal of approval. >> the well-off have had to pay less taxes. in recent years, their income has risen significantly, so it would certainly be a good thing to reform taxes to disproportionately target the well off. >> but the governing coalition has been scheming about the spd proposals. the free democrats have called the spd's peer steinbrueck a socialist and labeled the green party's candidate a count dracula, determined to bleed from the middle classes. but what do the voters think about higher taxes? is it a risky strategy we canvassed some opinions in berlin -- is it a risky strategy? we canvassed some opinions in berlin. would you support a party that propose to raise taxes? >> yes, i would. >> it depends which taxes and how they propose to spend the revenue. >> it would benefit society everywhere. >> i would pay more taxes
tax. both hardee's also want higher inheritance taxes -- both parties also want higher and heritage -- higher inheritance taxes. some tax experts have given their seal of approval. >> the well-off have had to pay less taxes. in recent years, their income has risen significantly, so it would certainly be a good thing to reform taxes to disproportionately target the well off. >> but the governing coalition has been scheming about the spd proposals. the free democrats have called the...
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May 19, 2015
05/15
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the tax collectors' union has been advising the government on how to tap more tax revenue. but the officials also seem reluctant to upset the shipping tycoons. >> we expect the government to implement their tax plans. but perhaps they should enter into a dialogue with the shipping owners to get them to pay more tax. they are important for the economy -- but they could pay more taxes nonetheless. reporter: nicolas vernicos can't imagine entering into negotiations with the state over higher tax rates. the privileges of the shipowners are anchored in the constitution. nowhere else in the world is this sector so powerful. for decades, they have been living the life of kings surrounded by beautiful women. aristotle onassis best embodied the stereotype of the flamboyant greek shipping magnate dripping with wealth. but shipowners like vernicos keep a lower profile. he says he can't imagine continuing to sail under the greek flag if the tax breaks are withdrawn. >> if something changes in the fiscal environment of the greek shipping companies, it is the banks that fund us, for exam
the tax collectors' union has been advising the government on how to tap more tax revenue. but the officials also seem reluctant to upset the shipping tycoons. >> we expect the government to implement their tax plans. but perhaps they should enter into a dialogue with the shipping owners to get them to pay more tax. they are important for the economy -- but they could pay more taxes nonetheless. reporter: nicolas vernicos can't imagine entering into negotiations with the state over higher...
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Sep 21, 2014
09/14
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come back to our theme of taxes, taxes are one of the ways we shape markets. if our tax system says speculation is going to be taxed at a lower rate, you're going to get more speculation. if our tax system says if you keep your money abroad, you don't have to pay taxes, you're going to get more money abroad and you're going to get less job creation inside america. if your taxes say we want to encourage real investments in america, then you can get more investment in america. so i'm an economist who believes that incentives matter. but i also believe that you have to shape incentives and that markets on their own don't necessarily shape them the right way. and that when we have a distorted tax system, distorted by a distorted political system that has given a huge amount of weight to the upper one percent, to the corporations, then that kind of distorted political system leads to a distorted tax system, which leads to a distorted economic system, which leads to an economy that is not performing as well for most americans. >> there's a quiet urgency in this whit
come back to our theme of taxes, taxes are one of the ways we shape markets. if our tax system says speculation is going to be taxed at a lower rate, you're going to get more speculation. if our tax system says if you keep your money abroad, you don't have to pay taxes, you're going to get more money abroad and you're going to get less job creation inside america. if your taxes say we want to encourage real investments in america, then you can get more investment in america. so i'm an economist...
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Oct 20, 2011
10/11
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tax. 9% flat tax on corporations, a 9% flat tax on individuals, and a 9% flat sales tax on bought goods. does this plan sound better than it is? some reputable independent economists seem to think so. robertson williams, a senior fellow of the tax policy center linked to the prestigious urban institutes and brickings institution, says this. >> it will raise taxes on the poor. it will cut taxes on the rich. >> so this was directly affect the two groups. one, low income earners. under the 9-9-9 plan, 30 million low income households would be forced to pay a 9% federal income tax, when they currently do not pay any income tax! on top of this new income tax, low income households would also have to pay the flat 9% sales tax on all bought goods. two, high income earners. 9% income tax is much lower than what richer households currently pay. 9-9-9 would dramatically cut taxes for the rich and heavily reduce income taxes roll as a major revenue source for the federal government. so is the 9-9-9 cain formula a net plus? cain says in effect that his critics overlook that 9-9-9 cancels out all th
tax. 9% flat tax on corporations, a 9% flat tax on individuals, and a 9% flat sales tax on bought goods. does this plan sound better than it is? some reputable independent economists seem to think so. robertson williams, a senior fellow of the tax policy center linked to the prestigious urban institutes and brickings institution, says this. >> it will raise taxes on the poor. it will cut taxes on the rich. >> so this was directly affect the two groups. one, low income earners. under...
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Jan 3, 2018
01/18
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-- future tax liabilities. these are described as tax-deferred assets. it cost bp a lot of money. u.s. investment bank goldman sachs said that tax reform will cut its the 17 profit by $5 billion. one other company, including heidelberg cement, are also affected by the changes to the tax code. once these charges are booked, however, companies have a lot to look forward to. in the long run, they all profit from paying less corporate tax in the u.s.. >> china overtook the united states as the world's largest market a decade ago. and now, authorities encourage people to cycle to fight pollution and congestion. mike sharing is taking off, but not everyone is happy about that. >> this scrapheap as the fate of many millions of bikes in beijing. there is one bike for everyone in the chinese capital. they can be rented for as little as seven u.s. cents for a half hour. less than one subway ticket. >> it is convenient, but sometimes there are too many bikes. the block of the roads. >> i feel people do not take care of th
-- future tax liabilities. these are described as tax-deferred assets. it cost bp a lot of money. u.s. investment bank goldman sachs said that tax reform will cut its the 17 profit by $5 billion. one other company, including heidelberg cement, are also affected by the changes to the tax code. once these charges are booked, however, companies have a lot to look forward to. in the long run, they all profit from paying less corporate tax in the u.s.. >> china overtook the united states as...
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Sep 13, 2010
09/10
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they would repeal the bush tax cuts for the wealthy and bring some fairness into the tax system. use that money to pay for tax breaks for the middle class. but the business community has been talking about how horrible it is, having a tax cut when the economy is so fragile, robbing the economy of its recovery. there are a lot of democrats who are boggling. we will see if they can deliver. i do not think they can deliver the promise. >> actually, a former member of the obama administration drew the same conclusion. >> whether we are talking about rahm emanuel or peter orszag, [inaudible] the rights and in "the new york times" calling for an extension of the tax cuts that the rich has. >> this is something that the president can draw a line on. he does have a veto power. he can decide whether or not to extend the tax cuts for the rich for a year or something like that, or not. it seems to me the best thing to do would be to pull it back for those people who make less than $200,000, and will veto anything that does not help them. >> george stephanopoulos tried to nail him down on th
they would repeal the bush tax cuts for the wealthy and bring some fairness into the tax system. use that money to pay for tax breaks for the middle class. but the business community has been talking about how horrible it is, having a tax cut when the economy is so fragile, robbing the economy of its recovery. there are a lot of democrats who are boggling. we will see if they can deliver. i do not think they can deliver the promise. >> actually, a former member of the obama administration...
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Oct 29, 2015
10/15
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carson, let's talk about taxes. you have a flat tax plan of does that is very appealing to a lot of voters, but of a tough time trying to make the math work. if you were to take a 10% tax with the numbers right now in total personal income, bringing in over $1 trillion. that is less than half of what we build -- bring in right now and by the way, it is going to leave us in the $2 trillion hole. lylysilygot you to the point this would work? >> first of all, i did not say the rate would be 10%. i used the tithing analogy. >> i understand that, but if you look at the numbers -- quick the rate is going to be much closer to 15%. you also have to get rid of all of the deductions and all the loopholes. you also have to do some strategic cutting in several places. remember, we have 645 federal agencies and subagencies. anybody who tells me that we need every penny and every one of those is in a fantasy world. can stimulate the economy. that is going to be the real growth engine. stimulating the economy -- because it's tethe
carson, let's talk about taxes. you have a flat tax plan of does that is very appealing to a lot of voters, but of a tough time trying to make the math work. if you were to take a 10% tax with the numbers right now in total personal income, bringing in over $1 trillion. that is less than half of what we build -- bring in right now and by the way, it is going to leave us in the $2 trillion hole. lylysilygot you to the point this would work? >> first of all, i did not say the rate would be...
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Feb 2, 2012
02/12
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>> deliver descends are taxed at 15%. capital gains are taxed and carry interest. wages and salaries go up to 35%. it's understandable -- one reason something, you put your money in -- stock, and you leave it there 30 or 40 years, and the -- it may not grow and -- it grows in inflation, that's why they don't tax it -- >> exception and they get no tax -- tax at all are the munis, municipal bonds as many that true? is that the only thing -- [everyone talking at once] >> that's the only one i know of. >> capital gains has not always been at 15%. when reagan came to town, the rates were high and he got money as movie actor so he wanted to bring those down, which he did. when the bushes came into office, they wanted to reduce capital gains because a lot of their main came from investment income. the 15% we arrived at when w bush was in office and it has not always been that well, and i'd like to know why mitt romney has so many bank accounts in so many places around the world. he -- [everyone talking at once] >> what is the meaning of that? >> the meaning of that is --
>> deliver descends are taxed at 15%. capital gains are taxed and carry interest. wages and salaries go up to 35%. it's understandable -- one reason something, you put your money in -- stock, and you leave it there 30 or 40 years, and the -- it may not grow and -- it grows in inflation, that's why they don't tax it -- >> exception and they get no tax -- tax at all are the munis, municipal bonds as many that true? is that the only thing -- [everyone talking at once] >> that's...
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Nov 26, 2013
11/13
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it's not a typical case of tax dodging mind you. an eu directive aimed at preventing double taxation is used by some corporations to legally avoid paying tax rates among women global giants like starbucks which are failing to physically support the communities with a profit for ikea. basf and other multinationals like amazon it symbolize business choice declaring dividends and european nations with the lowest tax rates. it's only illegal but causes big revenue losses for countries with higher taxes. the tax commissioner pounds at the cemetery has introduced a proposal to regulate the bookkeeping tricks used by karen companies and their subsidiaries. the reform would make it harder to shift earnings from one subsidiary to another and different eu countries. currently some countries paid little or no taxes on earnings businesses to offer. organisers of the single market. we start to the jewish and obstacles to their cross border activities these businesses can use to make america great addition to barter trade baskets. the commissione
it's not a typical case of tax dodging mind you. an eu directive aimed at preventing double taxation is used by some corporations to legally avoid paying tax rates among women global giants like starbucks which are failing to physically support the communities with a profit for ikea. basf and other multinationals like amazon it symbolize business choice declaring dividends and european nations with the lowest tax rates. it's only illegal but causes big revenue losses for countries with higher...
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Oct 4, 2016
10/16
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trump's tax returns. when i pointed that out to the accountant, he kind of smiled and chuckled most of he said, oh, yes, i remember. the tax software program i was using at that time had difficulty actually printing out a number that large. he would only print out seven digits. so i had to then run the thing through my ibm typewriter and i typed in the first two digits. and i think that was the moment presently felt like, ok, these are real. understoode said he that trump was living a life of unimaginable luxury? >> he was. he is complicated feelings about donald trump. first of all, he clearly is someone who had real admiration for fred trump, donald trump's father. he described him as a man who littlemind getting a met on issues, a man who paid attention to detail, a man who was on top of his is this. the way he described donald trump was sort of undisciplined, showboating kind of brash guy, the guy we have all come to know over this campaign. he mentioned, in fact, that every year when donald and ivana
trump's tax returns. when i pointed that out to the accountant, he kind of smiled and chuckled most of he said, oh, yes, i remember. the tax software program i was using at that time had difficulty actually printing out a number that large. he would only print out seven digits. so i had to then run the thing through my ibm typewriter and i typed in the first two digits. and i think that was the moment presently felt like, ok, these are real. understoode said he that trump was living a life of...
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Jan 21, 2016
01/16
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a variety of ways these tax havens -- tax rules enable the tax havens to work. the bank industry has beneficiary of all these. you have seen an explosion of banking -- offshore banking. amy: what is to stop -- what is the stop tax haven abuse act? raymond: carl levin from michigan and lloyd doggett from texas. it is an act that has ordered one sponsors in the house, three in the senate. it tries to close the loopholes i mentioned and a variety of others. is, it closes those loopholes and tries to force, through fec regulation, greater levels of transparency and try to get rid of this disconnect between when you generate value and where you reported -- where you generate value and where you report it. overseas, thatue should be transparent so we can get a fair deal on taxation corporations. it is that diminished over taxation that is creating the situations we see in flint and a variety of other locations around the world. nermeen: a large number of the billionaires listed in forbes have inherited their wealth. could you talk about the importance of estate tax? r
a variety of ways these tax havens -- tax rules enable the tax havens to work. the bank industry has beneficiary of all these. you have seen an explosion of banking -- offshore banking. amy: what is to stop -- what is the stop tax haven abuse act? raymond: carl levin from michigan and lloyd doggett from texas. it is an act that has ordered one sponsors in the house, three in the senate. it tries to close the loopholes i mentioned and a variety of others. is, it closes those loopholes and tries...
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Dec 22, 2011
12/11
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the goal was to defraud taxes on a grand scale. the carbon emissions permits were bought in other eu countries where they were not required to pay tax. they were then sold in germany with an added sales tax. but instead of paying that tax to the authorities, the company pocketed the money and disappeared. the firm that bought the permits then sold them abroad and reclaimed the tax from the german authorities as a refund. the court said the fraud cost the german tax office 300 million euros, but the men on trial only received 2 million euros. most of the money is believed to have gone to organizers of the scheme based in dubai and london. at deutsche bank has come under scrutiny for being involved in some of the trades that -- but independent experts found no wrongdoing. >> germany's solar millennium has filed for bankruptcy. is that it cannot find partners for large projects in the u.s. and spain. the company was about to begin operating its solar power plant in spain, but a few days ago it announced that it was unable to finalize
the goal was to defraud taxes on a grand scale. the carbon emissions permits were bought in other eu countries where they were not required to pay tax. they were then sold in germany with an added sales tax. but instead of paying that tax to the authorities, the company pocketed the money and disappeared. the firm that bought the permits then sold them abroad and reclaimed the tax from the german authorities as a refund. the court said the fraud cost the german tax office 300 million euros, but...
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Dec 13, 2012
12/12
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back tax illegally. which of unmanaged some of the shady accounts. it is the second -- deutsche bank managed some of the shady accounts. it is the second raid on the bank. this may be the tip of the iceberg for germany's biggest bank. >> our chief correspondent is falling this story for us now -- is following this story for us now. possibly that of the iceberg -- the tip of the iceberg. >> this report and then goes back a couple of years. this is one of the biggest raids so far. authorities they have good reason to believe the bank's co- ceo was involved in illegal activity. as your report said come fitschen and the -- said, fitschen and the bank are claiming that the talks documents -- the tax documents were amended in time. it does look like an attempt to play fast and loose with value added tax reporting, and that is a very big public-relations disaster for the bank because it comes on top of a number of other investigations, all of them asking some questions about credibility of the bank. at a time w
back tax illegally. which of unmanaged some of the shady accounts. it is the second -- deutsche bank managed some of the shady accounts. it is the second raid on the bank. this may be the tip of the iceberg for germany's biggest bank. >> our chief correspondent is falling this story for us now -- is following this story for us now. possibly that of the iceberg -- the tip of the iceberg. >> this report and then goes back a couple of years. this is one of the biggest raids so far....
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Dec 3, 2012
12/12
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>> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people other than charles c., that the republicans have become the party of billionaires' and millionaires in this debate. that is what happened in the election of 2012. that really is a continuing problem for republicans. that is what you are seeing to it is not just anti-grover norquist movement. it is a realization that they have a political problem. >> a lot of positive signs for a deal. one is that grover norquist, who is kind of a ridiculous figure, it has been exposed as that and people are walking away. businessmen are in town saying we want predictability, and that is a good sign. but the indication from
>> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people...
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Jun 20, 2011
06/11
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you cannot restructure the tax code in an instant. we have to do something right now that makes the debt ceiling go away, get it raised. otherwise, for this country to default on money it does would be at the press time -- on monday it knows it would be the first time that an industrialized country that is not bust would be defaulting. >> well, here's the thing. usually, these things are kabuki, a show. everybody knows that when you get to the edge of the cliff, people to the right thing. i am not 100% sure this time, because the right thing involves significant tax increases and significant spending cuts, both. i'm just not confident that the political system is going to be able to do that this summer. >> seven weeks, charles. >> nina is a saying in seven weeks you cannot get tax reform. the president has been in office it 2.5 years, not seven weeks. the only leverage that the series people on this, the republicans, have is the debt limit. the president has proposed nothing. in the first two years, he said we will punt -- commission
you cannot restructure the tax code in an instant. we have to do something right now that makes the debt ceiling go away, get it raised. otherwise, for this country to default on money it does would be at the press time -- on monday it knows it would be the first time that an industrialized country that is not bust would be defaulting. >> well, here's the thing. usually, these things are kabuki, a show. everybody knows that when you get to the edge of the cliff, people to the right thing....
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Oct 4, 2011
10/11
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at the tax office here, the phones are ringing off the hook. worried residents want to know what new levies they now have to pay. veteran tax official here it is kellen tries to keep calm, but she has never seen anything like this in all our 35 years of service. everyone has to work overtime. the pressure from above to enforce tax collection has become enormous. >> the government wants more money in the coffers. the finance minister would prefer to have us work day and night, and yet we are getting one-third less pay. there is no hope of additional manpower. on the contrary, i have to fight for my best staff so they do not fall victim to the austerity measures. >> but helen actually has reason to be proud. in the last few months, her office has posted the greatest rise in collected taxes in all of greater athens. conditions here are tough. everywhere, files are stacked high on mt desk. there is no more room for documents like last year's sales tax returns. they wind up in garbage bags. >> we need the programs that help us, but we do not have th
at the tax office here, the phones are ringing off the hook. worried residents want to know what new levies they now have to pay. veteran tax official here it is kellen tries to keep calm, but she has never seen anything like this in all our 35 years of service. everyone has to work overtime. the pressure from above to enforce tax collection has become enormous. >> the government wants more money in the coffers. the finance minister would prefer to have us work day and night, and yet we...
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Aug 11, 2012
08/12
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>>> tax hike. japan's prime minister pushes through his signature financial reform package, but now he must pay the political price. welcome to nhk world "newsline." prime minister yoshihiko noda says japan's fiscal situation is dire. it has a mountain of debt and an aging population. he's convinced lawmakers to raise the consumption tax and modify the social security system. members of the upper house have enacted a financial reform package. the main opposition liberal democratic party and its ally new komeito supported the ruling democratic party in passing the bills. the prime minister had to agree to dissolve the lower house soon and call a general election in exchange. he technically didn't have to do that until next summer. the legislation will raise the consumption tax from 5% to 10% by 2015. lawmakers in the lower house passed the financial reform package in june. noda's dpj negotiated with the opposition on that vote as well. >> translator: japan's society is aging at a rate faster than an
>>> tax hike. japan's prime minister pushes through his signature financial reform package, but now he must pay the political price. welcome to nhk world "newsline." prime minister yoshihiko noda says japan's fiscal situation is dire. it has a mountain of debt and an aging population. he's convinced lawmakers to raise the consumption tax and modify the social security system. members of the upper house have enacted a financial reform package. the main opposition liberal...
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Jan 22, 2014
01/14
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taxes. or. cops. taxes and celery carrots. he showed his ak you heard. it was susan george had you heard earlier with jimmy wales founder of the kiki dee assess how well some people among those attending doubles we'll be up for even when spreading out more the wealth and others won't it's just human nature. i hope you like lilies that we would stop focusing on the cdt fired onto a daughter twenty two to reach. i don't care to be honest but i think we should do more. what's going on really. for example season as the case. so for the new money has replaced the so called money. which by the way generated a lot of the shoe was financially because the new money doing that behave like old months that's a first team. so what is new money new money is entrepreneurial these people getting towards me give you money on the internet it or you'll create two new technology or new wing of eighteen and two so you know you are entrepreneurs who are not old family establish you know getting the dividends every year in and the tasman will be challenging for example is of g
taxes. or. cops. taxes and celery carrots. he showed his ak you heard. it was susan george had you heard earlier with jimmy wales founder of the kiki dee assess how well some people among those attending doubles we'll be up for even when spreading out more the wealth and others won't it's just human nature. i hope you like lilies that we would stop focusing on the cdt fired onto a daughter twenty two to reach. i don't care to be honest but i think we should do more. what's going on really. for...
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Aug 11, 2012
08/12
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. >> the hunt for german tax evaders has taken a new twist. >> tax officials in germany say they have evidence that swiss banking giant ubs has been actively assisting tax-dodgers. >> the revelations are based on a stolen swiss banking data bought by german tax investigators. >> the paper trail leads to singapore. investigators believe the german tax evaders have shifted their funds to the asian city/state. german tax officials say that strong evidence that swiss bank ubs has held its german clients transfer its assets out of switzerland. this would enable them to circumvent a new tax treaty due to go into force between germany and switzerland next year. >> we urgently need improved cross-border investigations and international cooperation. political pressure should also be applied to tackle tax havens. a treaty has been agreed with the switzerland, so i do not think switzerland should be the top of the agenda. i am talking about other countries, divide or there are a lot of other tax havens like the cayman islands -- dubai. >> ubs denied the allegations, saying it does not help its g
. >> the hunt for german tax evaders has taken a new twist. >> tax officials in germany say they have evidence that swiss banking giant ubs has been actively assisting tax-dodgers. >> the revelations are based on a stolen swiss banking data bought by german tax investigators. >> the paper trail leads to singapore. investigators believe the german tax evaders have shifted their funds to the asian city/state. german tax officials say that strong evidence that swiss bank...
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Sep 1, 2016
09/16
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taxes. reporter: but the european commission decision has been controversial. authorities are contesting the claims that apple is getting special treatment, accusing eu officials of overstepping their power in their investigation of u.s. companies. >> our concern is that it's using a state aid eerie to make tax law. it's doing it in a way that is retroactive and overrides national tax law authority in our view. we think it undermines the environment for international business because it creates uncertainty that will not be good for the european economy. reporter: but eu competition officials are sticking to their guns, confident an appeal will be upheld, saying it's a matter for the ball. not even apple can be left to its own devices. brent: thank you very much. after a short break, i will be back to take you through the day. but first, we're going to share some pictures from the under 12 football world challenge in tokyo where, as the game ended, the barcelona youth team started celebrating
taxes. reporter: but the european commission decision has been controversial. authorities are contesting the claims that apple is getting special treatment, accusing eu officials of overstepping their power in their investigation of u.s. companies. >> our concern is that it's using a state aid eerie to make tax law. it's doing it in a way that is retroactive and overrides national tax law authority in our view. we think it undermines the environment for international business because it...
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Nov 16, 2011
11/11
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the 1982 tax cut, hich was called tefra, you know, was mostly a tax on businesses. >> smith: right. >> klein: and yet all of his accolades now, someone like grover norquist who has come up with this no tax pledge. >> smith: right. >> klein: .which he says was a marketing gimmick, a marketing gimmick. but all these people are signing this no tax pledge or pledge to ronald reagan who raised taxes, raised social security taxes. >> smith: right. well, in fact john huntsman would seem conservative next to ronald reagan. ú& klein: absolutely. >> smith: ..if ronald reagan were with us today. >> klein: absolutely. and, and, and barack obama would seem a mild liberal. >> smith: right. well, let, let's -- the reagan reference is a good segue into the republicans because in fact we're looking t a republican field now that is attempting to get to the right of one another it seems. >> klein: right. >> smith: even mitt romney who we didn't.necessarily think had. a righh to get to >> klein: right. >> smith: has suddenly reinvented himself yet again as someone who sounds very much like a conservativ
the 1982 tax cut, hich was called tefra, you know, was mostly a tax on businesses. >> smith: right. >> klein: and yet all of his accolades now, someone like grover norquist who has come up with this no tax pledge. >> smith: right. >> klein: .which he says was a marketing gimmick, a marketing gimmick. but all these people are signing this no tax pledge or pledge to ronald reagan who raised taxes, raised social security taxes. >> smith: right. well, in fact john...
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Mar 14, 2017
03/17
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according to new research by the tax policy institute, people in the top 0.1% would get a tax cut of about $207,000 under the plan. u.s. house minority leader nancy pelosi accused republicans of attempting to push thru the -- push through the biggest transfer of wealth in the nation's history. >> the cbo has reported the republican bill pushes 24 million people out of health care. this is remarkable figure. it speaks eloquently to the cruelty of the bill that the speaker calls an act of mercy. i do not know if he thinks it is an act of mercy to all of the people who will lose coverage, to people who will lose jobs, to the hospitals that may have to close down -- especially in rural areas. i don't know if he thinks it is an act of mercy to be blonde opioid addiction or other addictions looking to medicaid as an answer, as many revolving governors have spoken to. this is, ok, so they're taking 24 million people, pushing them off their coverage. and as they do so, they are implementing the biggest transfer of wealth in our history. $600 billion going from working families to the richest
according to new research by the tax policy institute, people in the top 0.1% would get a tax cut of about $207,000 under the plan. u.s. house minority leader nancy pelosi accused republicans of attempting to push thru the -- push through the biggest transfer of wealth in the nation's history. >> the cbo has reported the republican bill pushes 24 million people out of health care. this is remarkable figure. it speaks eloquently to the cruelty of the bill that the speaker calls an act of...
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Oct 5, 2013
10/13
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one tax critics say is hurting small businesses is the estate tax, or the death tax. that story coming up. alongside the debates about shutdowns and debt limits, there's been a quiet movement on capitol hill to do something about taxes. tax writing committee chairman max baucus and dave camp went on a nationwide tour earlier this year to promote simplifying the tax code. while both parties may agree it needs to be done, simplifying the tax code, they don't agree on which taxes should stay and which should go. the estate tax is in contention. >> it was benjamin franklin who told us nothing is certain in this world except death and taxes but i don't think he meant death taxes. >> the i.r.s. defines the death tax as a tax on your right to transfer property at death. >> the estate tax's purpose is to discourage family dynasties. this only affects a small percentage of americans but some small businesses say this tax is falling on the wrong people. >> i've watched my dad try to figure out how to pass the company on to the next generation without losing some of it. >> karen
one tax critics say is hurting small businesses is the estate tax, or the death tax. that story coming up. alongside the debates about shutdowns and debt limits, there's been a quiet movement on capitol hill to do something about taxes. tax writing committee chairman max baucus and dave camp went on a nationwide tour earlier this year to promote simplifying the tax code. while both parties may agree it needs to be done, simplifying the tax code, they don't agree on which taxes should stay and...
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Apr 27, 2017
04/17
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presidents takes -- president takes his axe to taxes, a new program for businesses and individuals, but the president still have to get the plan through congress. ♪ brent: i am brent goff. it is good to have you with us. china has reacted angrily to the u.s. installing a controversy oh antimissile defense system in south korea. the u.s. and a south korea insist the system is necessary to counter the threat from a nuclear armed north korea, but china says the system undermines its own security. the chinese foreign minister has urged all sides to ease the tensions. while in washington, the senate is being briefed on the options of that the white house has. correspondent: not many south koreans are happy about the missile defense system being built, it will be operational within days and washington says it is a necessary step to counter the threat from north korea. >> with every test, kim jong-un moves closer to his goal and are given -- and the capabilities against new coat -- against american cities. defending our homeland is my top priority, so i must assume the nuclear plans are too
presidents takes -- president takes his axe to taxes, a new program for businesses and individuals, but the president still have to get the plan through congress. ♪ brent: i am brent goff. it is good to have you with us. china has reacted angrily to the u.s. installing a controversy oh antimissile defense system in south korea. the u.s. and a south korea insist the system is necessary to counter the threat from a nuclear armed north korea, but china says the system undermines its own...
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468
Feb 20, 2011
02/11
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tax free means you'll never pay tax on it. tax deferred means you won't pay tax on it now, but you will pay tax on it later. that's why you need to create a plan to move your money from accounts that are forever taxed to accounts that are never taxed. you need to start turning taxable money into tax-free money to protect that money from coming increases. some of those increases are already here. here's a story from a client of mine from years ago. a couple of teachers, a married couple-- imagine this--they worked their whole lives, and they had built up $1 million in their retirement accounts, about $1/2 million each. they came to see me back in 1998 when the roth ira first came out. and i told them about this, moving from forever taxed to never taxed, and they took the plunge. they converted $1 million to a roth ira. well, they came to see me recently. that $1 million since has tripled in value. they have over $3 million in a roth ira, all tax free forever. i only wish this on you. but anybody who has a plan can have some ver
tax free means you'll never pay tax on it. tax deferred means you won't pay tax on it now, but you will pay tax on it later. that's why you need to create a plan to move your money from accounts that are forever taxed to accounts that are never taxed. you need to start turning taxable money into tax-free money to protect that money from coming increases. some of those increases are already here. here's a story from a client of mine from years ago. a couple of teachers, a married couple--...
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Jan 3, 2013
01/13
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tax rates will go up for only those earning over $400,000. in herington is -- inheritances over $5 million will also be heavily taxed. president obama immediately left washington to rejoin his family in hawaii, but the next battle is already in view. in the next two months, congress will need to raise the debt limit to allow treasury to borrow more money and it must agree on spending cuts to reduce the deficit. >> for more analysis, we are joined by our washington correspondent. lawmakers have voted what many -- have averted what many believe would have been an economic disaster. what is the public reaction? >> i think the vast majority of americans would like to see a little bit less trauma and maybe a little more willingness to compromise on a bipartisan -- drama and maybe a little more willing this to compromise on a bipartisan basis. >> how have the democrats and republicans responded? >> the no one really likes the deal -- >> it is interesting. no one really like the deal. when you talk to republicans, they say president obama has impose
tax rates will go up for only those earning over $400,000. in herington is -- inheritances over $5 million will also be heavily taxed. president obama immediately left washington to rejoin his family in hawaii, but the next battle is already in view. in the next two months, congress will need to raise the debt limit to allow treasury to borrow more money and it must agree on spending cuts to reduce the deficit. >> for more analysis, we are joined by our washington correspondent. lawmakers...
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08/16
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a vision of simple five taxes, -- a simple five taxes and business friendly policies at home coupled with what he called smart trade deals, putting an end to currency mitigation, and bringing home trillions in offshore wealth. he painted a stark contrast to his democratic challenger. mr. trump: our opposition on the other hand as long ago run out of ideas. all the liquid and has to offer is more of the same -- more taxes, more regulations, more bureaucrats, more restrictions on american energy and on american production. more of that. if you were a foreign power looking to weaken america, you couldn't do better than hillary clinton's economic agenda. sarah: and that speech was aimed at restoring donald trump's campaign after he struggled with a string of controversies last week, including an argument with the parents of a muslim american soldier killed in iraq. does this speech marked the beginning of a turnaround? i for the question to richard walker a little earlier. richard: it certainly did look like a candidate on his best behavior after all the criticism he has been getting fro
a vision of simple five taxes, -- a simple five taxes and business friendly policies at home coupled with what he called smart trade deals, putting an end to currency mitigation, and bringing home trillions in offshore wealth. he painted a stark contrast to his democratic challenger. mr. trump: our opposition on the other hand as long ago run out of ideas. all the liquid and has to offer is more of the same -- more taxes, more regulations, more bureaucrats, more restrictions on american energy...
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Aug 24, 2013
08/13
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how about a tax exempt status for atheist groups? there is a battle in the courts brewing over this issue. we will tell you more later in the show. hello, it's friday, august 23 in washington, d.c. we start our newscast in yemen where the countries leaders have requested drone technology in order to increase the country cost defend -- the country's defense against militants. weeks after american drone strikes hit the country nine times in a two-week period. the u.s. and other western countries closed a number of embassies as a result of and i qaeda threat -- as a result of an al qaeda threat. according to the associated press, the president said the u.s. jones had been carrying out attacks in yemen in accordance with an agreement to combat terrorism. it was signed by the u.s. and former yemeni president after the september 11 attacks. the u.s. acknowledges it has a drone program which is conducted from within the country. it does not disclose information about individual strikes. whethenow to an ongoing issue oe nsa. it has been the
how about a tax exempt status for atheist groups? there is a battle in the courts brewing over this issue. we will tell you more later in the show. hello, it's friday, august 23 in washington, d.c. we start our newscast in yemen where the countries leaders have requested drone technology in order to increase the country cost defend -- the country's defense against militants. weeks after american drone strikes hit the country nine times in a two-week period. the u.s. and other western countries...